Senior Portfolio Manager - Cape Town

About NOA  · Established in 2022, NOA (an acronym for Net Zero Africa) is a leading renewable energy independent power producer (IPP), aggregator and energy trader, licensed by the National Energy Regulator of South Africa. We empower commercial and industrial companies to reach ...

Job description

About NOA 

Established in 2022, NOA (an acronym for Net Zero Africa) is a leading renewable energy independent power producer (IPP), aggregator and energy trader, licensed by the National Energy Regulator of South Africa. We empower commercial and industrial companies to reach their net-zero goals while securing long-term energy savings. Backed by R3.9 billion in equity capital from Old Mutual's African Infrastructure Investment Managers (AIIM), we currently have 1475 MW of generation capacity under construction. 

At NOA, we believe that energy is life; it is the pulse that powers our industries, our economy and empowers our communities. We are currently at a unique, once-in-a-generation moment in South African history, similar to the birth of the gold industry or the mobile revolution. It is a mission-critical time, and we have the right partners and expertise to shape the creation of an entirely new energy landscape. 

What truly sets us apart is The NOA Way, our intentionally crafted culture and roadmap for excellence. We aren't just a utility; we are a tight, high-functioning team of all-in problem solvers who lean into complexity to find original solutions. We speak simply, act big, and step forward to own the changes our nation needs. 

Our impact is immense: we are here to solve the immediate energy crisis, fuel the growth of the South African economy, and create a global blueprint for a decarbonised future. We are building a phenomenal team to do something magnificent together, and we make sure to savour the journey along the way. 

About the role 

The Senior Portfolio Manager is a strategic leader within the Portfolio team, reporting into and working alongside the Head of Portfolio. You will be responsible for some of the most important decisions in NOA trading, including pricing, capacity allocation and portfolio measurement. This will require very high levels of analytical understanding (both financial and technical analysis) as well managing the involvement of a wide range of stakeholders, both internal and external. You will also have the opportunity to shape and implement new processes and systems as you help the portfolio team transition from a startup phase to a world class organization operating at scale.  You will manage a small team of analysts – ensuring the quality of their work and presenting it senior executives – as well as performing your own analysis. 

Key accountabilities 

Pricing:

• Oversee the bi-annual review and updating of NOAs standard tariffs, including view of forward technology curves, cost to serve, macroeconomic assumptions and other input costs.  
• Assess specific risk/ price tradeoffs in the portfolio. 
• Manage involvement of internal stakeholders in the review and approval process.  
• Present pricing strategy to external stakeholders, esp. investors and lenders.  
• Improve the sophistication of NOAs pricing methodology, aspiring to global best practices in PPA pricing. 
• Coordinate the collection of market intelligence on competitor pricing to assist with benchmarking.  
• Work closely with Development to price new products/ features.   

Portfolio Reporting (internal and external) 

• Implement and monitor systems to ensure that the data on the portfolio is accurate and up to date.  
• Customise reports for different stakeholders in the business and ensure reports are issued accurately and timeously.  
• Ensure that the external metrics defined in contracts are correctly interpreted in calculations, and can pass external audits. Where necessary, manage the process to update contracts to ensure metrics are unambigious.  
• Deliver reports to external stakeholders, including meeting with senior managers at lenders, IPPs and customers to explain the underlying dynamics driving reports and their implications.  
• Develop, define and implement new metrics and kpi's on the portfolio that give insight into profitability and risk.   

Capacity allocation process 

• Work closely with sales team to manage the process whereby capacity is allocated to specific customers through the sales funnel. 
• Develop rules/ guidelines for when capacity can be reserved and what process is followed when reservations need to be changed.  
• Implement a transparent, repeatable process for updating allocations.   
• Support the development of systems/ tools to make the capacity allocation process more transparent and dynamic.  
• Work with sales and product development to ensure capacity allocation process is aligned with customer communication. 

Portfolio/ Sales alignment
 

• Provide input into sales solution designs and specifically impact on the portfolio of large/ custom deals.  
• Assess the risk/ price tradeoffs on specific deals.  
• Review customer proposals and contracts/CPPAs to ensure portfolio risk and terms are adequately reflected and clearly communicated. 
  

System Development 
 

• Work with the development team to implement new systems for pricing, capacity allocation and portfolio balancing. 

Portfolio Strategy Development
 

• Work with the Head of Portfolio to craft long term strategies for the development of NOAs trading portfolio. 
• Assess long term trends in pricing and technology.  
• Work closely with sales to understand  
• Stay up to date on the latest regulatory developments in the South African energy sector and incorporate this knowledge portfolio strategy. 

Who we are looking for 

Minimum qualifications required: 

• Bachelor's degree in Business Administration, or a related field.  
• An MBA or similar advanced degree is a plus. 

Minimum experience required: 

• At least 5 years of experience in conducting analytics, both financial and technical, ideally in the energy sector. 
• Nice to have: Experience in working with a portfolio, and balancing risk across multiple customers.  
• At least 2 years' experience in managing other analysts. 
• Experience with the pricing, negotiation and implementation of energy supply agreements.  
• Nice to have: Experience in a trading environment 
• Comprehensive knowledge of South Africa's commercial and industrial energy market and regulatory environment. 

Industry knowledge, technical competence and skills 

• The ability to solve complex problems using first principles and a customer-centric approach.  
• High tolerance for change and ambiguity, as the rules for our market evolve rapidly.  
• Excellent communication skills, both written and verbal, with the ability to engage senior business leaders and stakeholders. 
• Understanding of system design, and how to guide the development of systems working with large datasets to deliver analytical insights.  
• A collaborative mindset that enables cross-functional work and aligns product development with business goals.  
• Passion for sustainability and renewable energy, with a good understanding of the industry's trends and challenges. 

Behavioural competencies 

• Leadership & Team Collaboration 
• Problem-Solving & Decision-Making 
• Innovation & Creativity 
• Strategic Thinking & Vision 
• Communication & Influence 
• Adaptability & Resilience 
• Customer-Centric Mindset 

Why join NOA? 

A once-in-a-career mission:  

Joining NOA is an invitation to be part of a growing team at the very forefront of the South African renewable energy industry. We are a dynamic, mission-driven organisation with strong financial backing and a deep commitment to unlocking a just energy transition for our nation. This is a unique moment in history, a chance to shape a new industry from its inception.  

The NOA Way: culture by design  

We don't leave our culture to chance; we have intentionally crafted a roadmap called The NOA Way to ensure our business is a remarkable place that houses your highest aspirations. We are all-in problem solvers who think big and move with speed to make a significant impact. We value performance connections, the belief that through genuine collaboration, we can achieve results far greater than the sum of our individual parts.  

Investment in your evolution: Powering your career? 

We provide a world-class environment designed to help you thrive in a demanding sector:   

• The Powerkit: Every new team member participates in a day-long offsite "experience" in Cape Town to master the skills needed to excel within the NOA system.  
• Continuous growth: You will benefit from a constant feedback loop through our RAP (Review, Analyse, Plan) cadence, alongside coaching resources and Lunch and Learn sessions to own your career path. 
• Supportive wellbeing: We promote true work-life integration with flexible hours, hybrid work-from-home options, and wellness initiatives specifically designed to "refuel your tank".  

Competitive reward & equity:  

We recognise and reward exceptional performance with a framework that allows you to participate in our collective success:  

• Market-leading compensation: We offer a competitive salary tailored to your experience level.  
• Incentives for impact: You will be eligible for a performance-related short-term incentive (STI) bonus.  
• Ownership culture: We offer meaningful equity investment exposure through our staff share scheme, ensuring you are truly invested in the future we are building. 

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Location

Cape Town, WC (Hybrid)

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Department

Trading

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Employment Type

Permanent

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Minimum Experience

Experienced

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